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THE FEDERAL TRADE COMMISSION said in its report “Pharmacy Benefit Managers: The Powerful Middlemen Inflating Drug Costs and Squeezing Main Street Pharmacies” that PBMs “wield enormous power over patients’ ability to access and afford their prescription drugs, allowing PBMs to significantly influence what drugs are available and at what price.” / AP FILE PHOTO/CHRIS CARLSON

FTC criticizes ‘enormous power’ of pharmacy benefit managers in scathing report

Economy 07/11/2024

PROVIDENCE – Drug middlemen are hurting small, independent pharmacies while reaping huge profits by inflating drug prices, according to a Federal Trade Commission staff...

CVS to lay off 5,000 employees nationwide

Capital Goods 08/01/2023

WOONSOCKET – CVS Health Corp. on Tuesday confirmed plans to lay off 5,000 employees nationwide in an effort to reduce expenses. CVS Executive Director of...

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